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As Featured
Awards from
Our customers have rated our service
Feefo logoIndependant User Feedback98%
Customer - Purchase
Have dealt with a complicated mortgage very efficiently. The complications were my age (76) and wanted a commercial mortgage for a company that has not ...Read More

Expat Mortgages

Buying a property in the UK if you’ve moved abroad can be time-consuming and frustrating, especially if you are paid in a currency other than UK sterling.

The lack of a permanent UK address can also hinder mortgage applications while many of the usual credit checks that lenders in the UK run do not work sufficiently well where borrowers live and work overseas.

It’s not impossible however and our advisers are specialists in securing attractive rates for British expats in just this position.

Which lenders offer expat mortgages?

Following several changes to the mortgage rules since 2010, the number of British lenders offering expats mortgages in the UK has got a lot smaller.

Unlike with straightforward residential mortgages, it’s much harder to find a list of ‘best buy’ rates. This is where a mortgage broker comes in. We have special relationships with a number of lenders that have experience dealing with expat lending.

These include several smaller building societies and a few specialist lenders that deal only with intermediaries.

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What Our Customers Say

Ioannes Romer Riera - Purchase
Very professional and always available to give feedback and keep me updated on the different steps of the mortgage application. James & Stephen were great to work with. ...Read More
15 days ago

Customer - Remortgage
Capital fortune were incredibly helpful at moving my application along. They found me the best offer and ensure that things were done in a timely fashion helping make the process as easy as it can be. Stephen Marsh and James ...Read More
17 days ago

Customer - Buy to Let
This is the second time I have used Capital Fortune as and expat and again am very happy with the experience. A few issues were well thought through and resolved which ultimately resulted in an offer letter. Thank you to ...Read More
17 days ago

JJ - Purchase
Capital Fortune has been a God send to me, after my ex-husband refused to release me from our joint mortgage and no high street bank would provide me with the small mortgage I required to purchase a home of my ...Read More
1 months, 7 days ago

Find out more

Can I Get an Expat Mortgage?

Lenders are tough on expats because they have to show evidence that they know you can afford to repay the mortgage payments monthly.

If you are paid in a currency other than sterling, your ability to afford the repayments will be affected by the exchange rate between the pound and the currency you are paid in. This means that most lenders will lend you a mortgage on a smaller proportion of your salary than if you were earning in the UK.

There are more options for those looking to borrow more than £100,000 and who already have a mortgage in the UK. Also expats working in a country that is signed up to the Financial Action Task Force and who earn more than £40,000 or the equivalent in US dollars or in euros are in a reasonably strong position.

There is still help we can offer if your income doesn’t fit this mould. Speak to one of advisers for more information.

Contact Capital Fortune

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What About Expat Buy-to-Let?

While some expats look to buy a property for themselves when they’re coming home after working abroad and therefore need a residential mortgage, most expats buy a property at home and rent it out while they live and work abroad.

For this, you will need a buy-to-let mortgage. The way buy-to-let affordability is assessed has become stricter in recent years but generally speaking, you will need to show that the rental income on the property exceeds the mortgage payment at a ratio of 145 per cent.

For more on buy-to-let mortgages, click here

Because the mortgage affordability relies on rental income in the UK, this can make it easier to secure than an expat residential mortgage. However, proof of address, credit history and income will still need to be verified, especially as some buy-to-let lenders now ask to see personal income to supplement rental income.

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Offshore Mortgages

There are still some lenders that accept applications for offshore companies or individuals using trusts based offshore. This is type of lending can be complex in terms of the tax payable, with the government making several changes in recent Budgets to the way in which offshore investments are treated.

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For this reason, we would always recommend you get independent tax advice if considering using offshore vehicles. Our advisers are specialist in helping investors using these types of investing structures and would be happy to speak to you about how we can help.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
Lender Initial Rate Type For Then APR* ERC* Fee
NatWest Intermediary 2 Year Tracker £995 Fee £250 Cashback Purchase CNW1.24%TrackerOct-20214.24%3.9%31-Oct-2021 £995
Skipton BS RETENTION 2 Year Fixed £995 Fee Rate Switch / Porting With Top Up SBS1.25%FixedNov-20214.99%4.1%30-Nov-2021 £995
NatWest Intermediary 2 Year Fixed £995 Fee £250 Cashback Purchase CNW1.28%FixedOct-20214.24%3.9%31-Oct-2021 £995
Santander UK Plc 2 Year Fixed £999 Fee Porting Cashback CAN1.28%FixedDec-20214%3.5%02-Dec-2021 £999
Santander UK Plc 2 Year Fixed £999 Fee (Scottish) Cashback CAN1.28%FixedDec-20214%3.5%02-Dec-2021 £999
Santander UK Plc 2 Year Fixed £999 Fee Cashback CAN1.28%FixedDec-20214%3.5%02-Dec-2021 £999
Halifax Intermediary FTB 2 Year Tracker £999 Fee BHX1.29%TrackerDec-20214.24%3.9%31-Dec-2021 £999
Halifax Intermediary 2 Year Tracker £999 Fee Purchase BHX1.29%TrackerDec-20214.24%3.9%31-Dec-2021 £999
Furness BS 2 Year Discount £999 Fee Cashback BFU1.29%Discount2 years 5.79%5.2%2 years £999
Post Office Intermediary 2 Year Fixed £1995 Fee Free Val POS1.33%FixedNov-20214.74%4.3%30-Nov-2021 £1995
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

Best Discounted Rates

LenderRateType
Furness BS 2 Year Discount £999 Fee Cashback BFU1.29%
then 5.79
(variable)
DiscountRead More
Leeds BS 2 Year Discount £999 Fee Legal Assisted BLH1.39%
then 5.69
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase BPG1.39%
then 5
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Skipton BS RETENTION 2 Year Fixed £995 Fee Rate Switch / Porting With Top Up SBS1.25%
then 4.99
(variable)
FixedRead More
NatWest Intermediary 2 Year Fixed £995 Fee £250 Cashback Purchase CNW1.28%
then 4.24
(variable)
FixedRead More
Santander UK Plc 2 Year Fixed £999 Fee Porting Cashback CAN1.28%
then 4
(variable)
FixedRead More
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